CVC Credit priced Cordatus XXI, a collateralized loan obligation fund totaling €406 million ($481.1 million) and arranged by Barclays. This is the fourth CLO fund CVC Credit has priced globally this year and will take its assets under management to more than $29.5 billion.
Northleaf Capital Partners appointed Chris O’Connor managing director of business development for Australia and New Zealand. O’Connor will lead business development and investor relations activities and further develop relationships with institutional investors, consultants and advisors in the region.
Lawrence Financial Group closed $50 million in financing during Q2/21, including $12.5 million in subordinated debt to an e-commerce seller of toner and printer ink products that wanted to keep its bank line but needed additional capital for its expansion.
Newcleus, a provider of employer-owned life insurance and annuity products, completed a strategic transaction with the Waterfall Sentinel Fund, a private equity vehicle managed by Waterfall Asset Management.
Vmo Aircraft Leasing increased its capital base from $500 million to $1.1 billion through its latest round of fundraising. Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners provided the capital injection.
Hercules Capital, a specialty financing provider to venture, growth and established stage companies backed by venture capital and select private equity firms, has originated more than $1 billion year-to-date in annual total debt and equity commitments for the fourth consecutive year.